Funding arb · Price arb /

AR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.031%

Price spread now: Gate against Bitget+0.244%7-day average +0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$209as in the Funding arb table

Net, price: spread back to 7d avg − costs−$178as in the Price arb table

costs, in and out, $10k−$2002.005% of the position

Long on Bitget Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.090%−$9 on $10k

Price spread, last 7 days−0.244%−$24 · spread now +0.244%, 7d avg +0.020%

Together, before fees−0.334%−$33 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.224% dearer against Bitget than usual: you sell high and buy low, +$22 on $10k if it goes back to its 7-day average of +0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ARUSDT	4.5140	0.0100	pay 0.0100% / 8h	4h 57m	$4.0M	$5.2M	75x
Short	Gate AR_USDT	4.5250	0.0100	get 0.0100% / 8h	4h 57m	$2.5M	$1.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Bitget. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BitgetbpFee GatebpOrdersPrice spread, now +0.244%Rate

Funding earned: $0
Price spread: +0.244% → +0.020%: $22.41
Slippage, 4 orders: −$173.48
Fee Bitget: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$178.07
Costs to cover: 2.005%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; Gate: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bitget live order book, 5 min ago	4.44 bp	23.7 bp −$24	95.1 bp −$951	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	4.43 bp	75.7 bp −$76	225.0 bp −$2,250	doesn't fit	doesn't fit

AR on 17 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GMX AR/USD [WBTC.b-USDC]	L −0.0141% / S +0.0551%	1h	4.5306	+0.368%	$583K	—	50x	as long as short
OKX AR-USDT-SWAP	−0.0030%	8h	4.5140	0.000%	$2.3M	$18.4M	20x	as long as short
Hyperliquid AR	+0.0100%	1h	4.5203	+0.140%	$4.1M	$4.5M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.5237	+0.216%	$27K	$485K	10x	as long as short
Binance ARUSDT	+0.0100%	8h	4.5170	+0.066%	$9.0M	$50.5M	75x	as long as short
Bybit ARUSDT	+0.0100%	8h	4.5170	+0.066%	$4.6M	$8.2M	75x	as long as short
Gate AR_USDTshort	+0.0100%	8h	4.5250	+0.244%	$2.5M	$1.9M	50x
MEXC AR_USDT	+0.0100%	8h	4.5140	0.000%	$6.4M	$4.2M	100x	as long as short
KuCoin ARUSDTM	+0.0100%	8h	4.5280	+0.310%	$1.2M	$1.2M	50x	as long as short
Bitget ARUSDTlong	+0.0100%	8h	4.5140	long leg	$4.0M	$5.2M	75x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX AR-USDT	+0.0100%	8h	4.5210	+0.155%	—	$2.8M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.5316	+0.389%	$235K	$242K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.5320	+0.399%	$20K	$722K	50x	as long as short
Extended AR-USD	+0.0104%	1h	4.5149	+0.020%	$37K	$235K	10x	as long as short
BloFin AR-USDT	+0.0220%	8h	4.5340	+0.443%	$434K	$492K	20x	as long as short
Kraken Futures PF_ARUSD	+0.0686%	1h	4.5247	+0.238%	$61K	$160K	20x	as long as short
Injective AR/USDC PERP	+0.0854%	1h	4.5290	+0.332%	$548	$3K	5.5x	as long as short